SBM Offshore N.V. : SBM Offshore announces 97.7 % take-up of rights offering
17 April 2013
SBM Offshore announces that, in connection with its 1 for 10 rights offering
(the "Offering") of 18,914,221 new ordinary shares in its capital with a
nominal value of EUR0.25 each (the "Offer Shares") at an issue price of
EUR10.07 (the "Issue Price") per Offer Share, it has received subscriptions
for 18,473,204 Offer Shares through the valid exercise of transferable
subscription rights (the "Rights"). This represents a take-up of approximately
97.7% of the rights offering.
Remaining Offer Shares
The period during which Rights may be exercised ended at 15:00 hours CET on 17
April 2013. Today, HAL Investments B.V. ("HAL") will subscribe for 441,017
Offer Shares that were issuable upon the exercise of Rights, but that have not
been subscribed for during the exercise period. HAL will furthermore subscribe
and pay for any Offer Shares taken up but not paid for within three (3)
trading days of 22 April 2013, if applicable.
Timetable
Allotment of Offer Shares to be issued pursuant to the Offering is expected to
take place today on 17 April 2013. Issuance of, payment for and delivery of
the Offer Shares, including the 441,017 remaining Offer Shares that have been
subscribed for by HAL, are expected to occur on 22 April 2013. SBM Offshore
expects that the Offer Shares will be admitted for listing and trading, and
that trading in the Offer Shares will start, on NYSE Euronext in Amsterdam at
09:00 hours CET on 22 April 2013, barring unforeseen circumstances.
ING and Morgan Stanley are acting as joint global coordinators for the
Offering.
ABN AMRO is acting as subscription, listing and paying agent for the Offering.
Further information on the Offering
For further details of the Offering, reference is made to the prospectus in
the English language dated 3 April 2013. Subject to applicable laws, copies of
the prospectus may be obtained free of charge through the website of SBM
Offshore at www.sbmoffshore.com and through the website of the AFM at
www.afm.nl.
Corporate Profile
SBM Offshore N.V. is a listed holding company that is headquartered in
Schiedam. It holds direct and indirect interests in other companies that
collectively with SBM Offshore N.V. form the SBM Offshore group (the
"Company").
SBM Offshore provides floating production solutions to the offshore energy
industry, over the full product life-cycle. The Company is market leading in
leased floating production systems with multiple units currently in operation,
and has unrivalled operational experience in this field. The Company's main
activities are the design, supply, installation and operation of Floating
Production, Storage and Offloading (FPSO) vessels. These are either owned and
operated by SBM Offshore and leased to its clients or supplied on a turnkey
sale basis.
Group companies employ over 7,400 people worldwide, who are spread over five
execution centres, eleven operational shore bases, several construction yards
and the offshore fleet of vessels. Please visit our website at
www.sbmoffshore.com.
The companies in which SBM Offshore N.V. directly and indirectly owns
investments are separate entities. In this communication "SBM Offshore" is
sometimes used for convenience where references are made to SBM Offshore N.V.
and its subsidiaries in general, or where no useful purpose is served by
identifying the particular company or companies.
The Board of
Management
Schiedam, 17 April 2013
For further information, please contact:
Investor Relations
Sebastiaan de Ronde Bresser
Investor Relations Officer
Telephone: (+377) 92 05 85 15
Mobile: (+33) 643 919 312
E-mail: sebastiaan.derondebresser@sbmoffshore.com
Website: www.sbmoffshore.com
Media Relations
Anne Guerin-Moens
Group Communications Director
Telephone: (+377) 92 05 30 83
Mobile: (+377) 680 863 691
E-mail: anne.guerin-moens@sbmoffshore.com
Website: www.sbmoffshore.com
To see the complete version of this press release, please click on the link
below.
SBM Offshore Press Release
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